02 Mar '12, 12pm

Firms rush to meet latest #solar feed-in tariff deadline | BusinessGreen: #FITs

Businesses and households are rushing to complete solar electricity projects ahead of the latest cuts to feed-in tariff incentives, which will come into effect from tomorrow as part of the government's efforts to ensure the popular scheme does not exceed its budget. Under Department of Energy and Climate Change (DECC) plans, any solar PV project with a capacity smaller than 4kW completed after midnight tonight will only receive a higher 43p/kWh rate for one month, before dropping to a lower 21p tariff from April 1. FURTHER READING Gatwick solar system hailed a runway success GE solar investments top $1.4bn in the last year Figures released by DECC suggest developers are rushing to complete installations ahead of the deadline, with 10,781 solar installations registered for the tariff in the week ending 26 February, compared with 8,007 in the previous week, and 4,949 in the ...

Full article: http://www.businessgreen.com/bg/news/2156711/firms-rush-m...

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